India's Mining Sector Expands by 7.5%
COAL & MINING

India's Mining Sector Expands by 7.5%

India's mining sector has experienced significant growth, expanding by 7.5% in the fiscal year 2023-24. This uptick reflects the resilience and potential of the country's mining industry, contributing to economic development and resource extraction.

The growth in India's mining sector is attributed to various factors, including increased production levels, favourable policy reforms, and rising demand for minerals and metals both domestically and internationally. The sector's expansion is indicative of its importance in driving industrial growth and supporting key sectors such as manufacturing and infrastructure.

The mining sector encompasses a wide range of activities, including coal, iron ore, limestone, and other minerals, which are essential inputs for various industries. The growth in mining activities signifies a positive outlook for India's industrial and manufacturing sectors, as it ensures a stable supply of raw materials for production processes.

Furthermore, the growth of the mining sector contributes to job creation, revenue generation, and infrastructure development in mining regions, supporting local economies and livelihoods. The sector's expansion also presents opportunities for investment, technological advancement, and sustainable mining practices.

However, challenges such as environmental concerns, regulatory hurdles, and infrastructure constraints continue to impact the mining sector's growth trajectory. Addressing these challenges and fostering a conducive environment for responsible and sustainable mining practices are essential for the long-term growth and competitiveness of India's mining industry.

As India's mining sector continues to expand, stakeholders, including government agencies, industry players, and local communities, must collaborate to ensure inclusive and sustainable growth while mitigating environmental and social impacts. By harnessing the potential of its mineral resources and adopting best practices, India can maximise the contribution of its mining sector to economic growth and development.

India's mining sector has experienced significant growth, expanding by 7.5% in the fiscal year 2023-24. This uptick reflects the resilience and potential of the country's mining industry, contributing to economic development and resource extraction. The growth in India's mining sector is attributed to various factors, including increased production levels, favourable policy reforms, and rising demand for minerals and metals both domestically and internationally. The sector's expansion is indicative of its importance in driving industrial growth and supporting key sectors such as manufacturing and infrastructure. The mining sector encompasses a wide range of activities, including coal, iron ore, limestone, and other minerals, which are essential inputs for various industries. The growth in mining activities signifies a positive outlook for India's industrial and manufacturing sectors, as it ensures a stable supply of raw materials for production processes. Furthermore, the growth of the mining sector contributes to job creation, revenue generation, and infrastructure development in mining regions, supporting local economies and livelihoods. The sector's expansion also presents opportunities for investment, technological advancement, and sustainable mining practices. However, challenges such as environmental concerns, regulatory hurdles, and infrastructure constraints continue to impact the mining sector's growth trajectory. Addressing these challenges and fostering a conducive environment for responsible and sustainable mining practices are essential for the long-term growth and competitiveness of India's mining industry. As India's mining sector continues to expand, stakeholders, including government agencies, industry players, and local communities, must collaborate to ensure inclusive and sustainable growth while mitigating environmental and social impacts. By harnessing the potential of its mineral resources and adopting best practices, India can maximise the contribution of its mining sector to economic growth and development.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code